PPP Loan information for J&l welding and machine inc.

$312,500

J&l welding and machine inc. was initially approved for PPP Loan of amount $312,500, the current approved amount is $312,500. The loan was approved on 02/17/2021 by The Cape Ann Savings Bank reported 28 jobs and $312,500 was used to fund payroll.

J&l welding and machine inc. is Existing or more than 2 years old

PPP Loan Search / MA / Gloucester / J&l welding and machine inc.

J&L WELDING AND MACHINE INC.

Date Approved

02/17/2021

SBA Office Code

0101

Processing Method

PPS

Borrower Name

J&L WELDING AND MACHINE INC.

Borrower Address

19 Arthur St

Borrower City

Gloucester

Borrower State

MA

Borrower Zip

01930-2736

Loan Status Date

01/13/2022

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

312500.00

Current Approval Amount

312500.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

32738

Servicing Lender Name

Cape Ann Savings Bank

Servicing Lender Address

109 Main St

Servicing Lender City

GLOUCESTER

Servicing Lender State

MA

Servicing Lender Zip

01930-5701

Rural Urban Indicator

U

Hubzone Indicator

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

Gloucester

Project County Name

ESSEX

Project State

MA

Project Zip

01930-2736

CD

MA-06

Jobs Reported

28

NAICS Code

332439

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

1.00

Payroll Proceed

312497.00

Mortgage Interest Proceed

0.00

Rent Proceed

0.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Corporation

Originating Lender Location Id

32738

Originating Lender

Cape Ann Savings Bank

Originating Lender City

GLOUCESTER

Originating Lender State

MA

Gender

Male Owned

Veteran

Unanswered

Non Profit

Forgiveness Amount

315034.72

Forgiveness Date

12/08/2021

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